I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 168 Yang Chen was banned from speaking, and bought Redbook, Weibo, and Douyin at a high price

Netizens are not joking, they really resigned and came to Sihai Group to apply for a job.

Some people resigned from their original companies before they were even sure they would be hired. This resulted in many companies suddenly losing a lot of employees, and the original production plans were all messed up.

As a result, the companies that were severely affected expressed their dissatisfaction through their official social media accounts or media channels.

Hu Shikang: Protesting the Sihai Group for undermining the stability of the labor market. Wages should be set based on comprehensive considerations such as industry level and local consumption level, rather than being decided by the boss. We admit that the Sihai Group is very profitable, but this does not mean that all companies in Longguo are very profitable. Please ask the Sihai Group to consider the survival of other companies and not be selfish.

Heshuo Technology: Our company's salary and benefits are strictly formulated in accordance with national statutory standards. Our company's salary level is not very high, but it is definitely at the upper level of domestic peers. Enterprises must survive first, and then they can provide jobs. If the enterprise cannot survive, where will so many jobs come from? Not every company can earn high profits by charging agency fees for exclusive best-selling products like Mr. Yang. So, please don't force us all to death, Mr. Yang, your Sihai Group can't take on so many workers. When the workers are unemployed on a large scale, can you afford this consequence?

Yaofu Glass: The salary we offer to our employees is already the best in the industry. Our chairman has also said that we can no longer increase the salary of workers, otherwise our peers will not be able to continue. Many netizens are laughing at the chairman's words. Now you can see how reasonable the chairman's words are, right? Not every company has irreplaceable star products, which means that it is impossible for every company to earn high profits to support high wages. If you only care about the reputation of your own company and destroy other companies, it is selfish behavior. If other companies lose orders and cannot survive because of this, can Sihai Group take on these hundreds of millions of workers?

……

Since the influence of Sihai Pharmaceutical's salary increase was too great, the relevant departments had to step in to persuade Yang Chen to cancel the notice of salary increase.

Working 5 hours a day for 8 days and still paying a salary of more than 1 yuan is really too high and will have a great impact on other companies.

It is impossible to cancel it. Yang Chen has so much money that he can never spend it all. It is only natural to be nicer to the workers who earn money for him.

However, since the relevant departments have come forward, Yang Chen can't just not give them any face.

So he asked Sihai Pharmaceutical to issue a new announcement, canceling the decision to increase wages.

However, Sihai Pharmaceuticals subsequently issued an internal notice that employees who complete full attendance every month can receive 30% of their salary as an attendance bonus.

In order to avoid complaints from other companies, Sihai Pharmaceuticals explicitly required workers not to disclose the 30% full attendance to outsiders, not even to their family members.

If it causes widespread public unrest again, this 30% reward will have to be cancelled.

Although Sihai Group is very powerful, and Yang Chen is very powerful, they are unable to compete with the entire Dragon Country's enterprises.

Most workers can keep their mouths shut, but there are some people who like to show off and pretend to be impressive and may let something slip when showing off in front of their friends and relatives.

With Yang Chen's temper, he naturally wouldn't swallow this.

So, he immediately posted new updates on his personal accounts on three platforms: Weibo, Douyin, and Hongshu, directly naming and mocking Hu Shikang and other companies.

"You business owners have so much wealth that you can't spend it all in your lifetime. You set up foundations to do charity and deduct taxes, but you don't think about improving the treatment of your workers. Other companies improve the treatment of their workers, but you are not happy. It's no wonder that people like you are scolded on the Internet every day. I am one of your workers who work overtime every day to earn that little salary. Looking back, I saw that the boss donated the money and didn't give me a salary increase. I was also mentally broken. I think running a company is the same as running a family. I make money and naturally want to make my family live a better life, instead of saving it myself or donating it to others to show off. Similarly, if a company makes money, it should also make its employees live better, instead of donating it to show off, and it should not use this method to deduct taxes. At the very least, you are sorry for your employees, and at the most, you are sorry for the country. Colleagues, be nice to your employees, because they are using their most valuable years to help you make money."

Yang Chen just couldn't help but speak out, so he posted this status.

This post really touched the hearts of working people, and hundreds of millions of netizens commented, reposted and liked it.

"I want a boss like Boss Yang, but unfortunately my family can't go to Jiangcheng with me. I hope Boss Yang can open a factory in Haicheng or the nearby Sucheng. I will quit my job immediately and apply for the job."

"Boss Yang said it very well, and he spoke the voice of us workers. I can't stand some people who donate little by little to charity when their companies are not doing well and the workers' income is a mess. I didn't understand it before, but now I understand that this method can evade taxes. It's really fucking shady. They are so rich but still want to evade taxes. I pay taxes on my monthly salary of more than 5000 yuan according to the law. Boss Yang is right. At the very least, he is sorry for his employees, and at the most, he is sorry for the country. Damn it!"

"Boss Yang, do you need a mistress? I'm a professional mistress, sensible and not clingy, I'll be there whenever you call, and I'll never take the initiative to look for you if you don't look for me. The requirements are not high, just give you the average salary of your employees."

"Miss upstairs, I heard your plan in Mohe. You want to sleep with Boss Yang and ask him to give you money. You are so bold."

……

Yang Chen’s new update was actually a disguised global attack. Employees from all other companies felt that their bosses were not good to them, and those bosses also felt that Yang Chen was implying something about them.

The impact was too great, and subsequently Yang Chen’s accounts on Weibo, Hongshu, Douyin and other platforms were banned from posting new content, and were also banned from being followed.

Oh, shit.

Can Yang Chen bear this?

Yang Chen immediately released an announcement through the Sihai Investment account.

"I don't even have the right to express my inner thoughts anymore? I am now officially announcing the acquisition of the equity of Weibo, Hongshu, and Douyin, at a 200% premium based on the current market value or valuation. The acquisition will stop when the equity exceeds 50%, and interested shareholders should contact me immediately. I will pay in full upon signing the contract, I have no shortage of money! When I acquire the shares, the first person I will fire is the person who ordered me to be silenced. I said, even Jesus can't save him!"

A 200% premium acquisition would be three times the current price.

For example, Weibo is listed on the Bald Eagle Stock Market, with a current price of 10 Eagle Coins, a total share capital of 2.43 million, and a total market value of 24.3 billion Eagle Coins. Yang Chen is willing to purchase the shares held by shareholders based on a market value of 72.9 billion Eagle Coins.

Hongshu is not listed now, and its latest valuation is 200 billion Eagle Coins. Yang Chen is willing to purchase the shares held by shareholders at a price of 600 billion Eagle Coins.

Douyin is not listed yet, but its valuation is as high as 2000 billion Eagle Coins. Yang Chen is willing to acquire the shares held by Douyin shareholders based on the market value of 6000 billion Eagle Coins.

Netizens who like to watch the fun have come to watch the show again.

"Boss Yang is really tough! He bought back the shares three times, and everyone except the controlling shareholder should be tempted."

"It's great to be rich. If you dare to restrict my speech, I will acquire you, just like Elon Musk acquired Twitter."

"Haha... the Shuang novel has come true. Before Boss Yang appeared, Mr. Luo from Da Mi was the male protagonist of the Shuang novel. After Boss Yang appeared, Mr. Luo can only be considered the second male lead, and the first male lead can only be Boss Yang."

……

The first to take action were the major shareholders of Hongshu. Earlier, there were rumors in the market that the major shareholders of Hongshu were preparing to sell their shares. Gaoling Capital, Changshan Capital, and even Penguin Holdings were all interested, but the price seemed to have not been negotiated yet.

Now that Yang Chen had directly acquired the price at three times the price, the major shareholder of Hongshu didn't have to think about it at all and immediately contacted him to discuss the sale of shares.

The major shareholders of Hongshu are three capitals acting in concert, namely, GGV Capital, GSR Ventures and Tiantu Investment. The three companies hold a total of 37% of Hongshu's shares.

Yang Chen offered a price three times higher, and the three capitals accepted this price. Everything became easier. Soon, Yang Chen signed an equity transfer agreement with the three capitals and fulfilled his promise to pay the full amount of 3 billion Eagle Coins in one lump sum.

After completing the equity change procedures, Yang Chen officially became the largest shareholder of Hongshu.

However, this is not over.

Faced with the temptation of a valuation of 600 billion Eagle Coins, other shareholders of Hongshu could no longer bear it.

For example, Penguin Holdings Group, which holds a 13.4% stake, also wants to sell.

Penguin purchased shares of Hongshu twice. The first time was 50% at a valuation of 8 billion Eagle Coins, and the second time was 80% at a valuation of 5.4 billion Eagle Coins. Now, if it sells all the shares at a valuation of 600 billion Eagle Coins, it can make ten times the profit.

Brother Xiao Ma called Yang Chen and said directly, "Director Yang, we still have some shares of Hongshu, do you want them?"

Yang Chen smiled and replied, "Yes! How many do you have?"

"13.4%, all sold to you. How about it?" Brother Xiao Ma said. "Deal! Send someone over to sign the contract, 600 billion Eagle Coins valuation, one-time payment!" Yang Chen said with a smile.

Brother Xiao Ma laughed and said, "Okay! I'll send someone over right away and they'll be there this afternoon."

After acquiring the 13.4% stake held by Penguin Holdings, Yang Chen personally held 50.4% of Hongshu’s shares, becoming the actual controller of the company.

The largest shareholder of Weibo is Chairman Cao Wei, who holds 36.3% of the shares. The second largest shareholder is Aligaba, who holds 27.9% of the shares.

Since Weibo is a listed company, Yang Chen directly issued a takeover offer to all Weibo shareholders, acquiring the shares held by all shareholders at a market value of 72.9 billion Eagle Coins. After the completion of the acquisition, Weibo will be delisted from the Bald Eagle Stock Market and become a non-listed private company completely controlled by Yang Chen.

Whether for investment institutions or retail investors, tripling their equity means they can make a lot of money.

Therefore, both institutions and retail investors are willing to sell their holdings.

The second largest shareholder, Ali Gaba, agreed to sell all of his Weibo shares to Yang Chen because Mr. Ma had a good relationship with Yang Chen and was willing to help Yang Chen with his good deeds.

but!

Weibo Chairman Cao Wei was reluctant to accept Yang Chen's acquisition offer because although Weibo's market value was not valuable, it had a strong voice in Longguo's online public opinion, which was not something that could be bought with money.

So Cao Wei issued a public initiative, condemning Yang Chen's malicious acquisition of Weibo Group, and at the same time advocating that shareholders not sell their shares to Yang Chen. If everyone must sell their shares, then they should sell them to him, as he has the right of first refusal.

On the other hand, Yang Chen and Penguin have also signed the equity agreement and completed the change procedures. Yang Chen is now the controlling shareholder of Hongshu.

Yang Chen’s Hongshu account was successfully unblocked, and the operations manager who ordered the ban on his account was also fired.

In this regard, Qu Feng, chairman of Hongshu, was very dissatisfied, and even accused Yang Chen of being petty and taking revenge in his circle of friends.

Can Yang Chen tolerate her temper?

Yang Chen called Qu Feng and said straight to the point: “Mr. Qu, if you have anything to say, just say it to my face. You didn’t add me as a friend, so I can’t see it in the first place if you post it on Moments. I have to ask others to take a screenshot and show it to me. How inconvenient.”

Qu Feng replied awkwardly: "Director Yang is joking..."

"I don't have time to joke with Director Qu. If you don't like it, you can sell your shares and leave. If you want to continue to be the chairman, you must first learn how to be a human being. I am the controlling shareholder now, you should understand what I mean. I am still acquiring shares, and when my shares reach 67%, if you look at me in the wrong way, I will drive you away. Do you understand what I mean?" Yang Chen warned.

In order to make money, Qu Feng continuously accepted capital injections, so that her own equity was continuously diluted. Now she only holds 10% of Hongshu's equity, and her husband holds 15%.

By this calculation, there are 75% of the shares outside, and Yang Chen has now obtained 50.4% of the shares. If he negotiates with a few more shareholders to complete the acquisition, he will be able to achieve absolute control of Hongshu.

By then, Qu Feng and his wife will lose control of Hongshu. They will either have to be professional managers or pack up and leave.

Qu Feng knew that Yang Chen had enough strength to acquire all the remaining shares, and the couple had no strength to compete with Yang Chen to buy back those shares because they could not afford it.

Last year, Qu Feng and his wife's wealth was 120 billion and 180 billion Dragon Coins respectively, which is equivalent to 16.7 billion Eagle Coins and 25 billion Eagle Coins. Even if they invested all their assets, they would not be able to buy back the shares of other shareholders at the valuation of 600 billion Eagle Coins.

Qu Feng quickly said, "I understand. I know I was wrong. Mr. Yang, please forgive me. I will do my job as a professional manager. Please rest assured, Mr. Yang."

Yang Chen replied: "I never listen to promises, I only look at the results. If you do well, I won't treat you unfairly. When the company goes public in the future, your wealth can increase dozens of times."

Qu Feng quickly said, "I understand! Thank you, Director Yang. I will work hard."

Afterwards, Yang Chen posted a new update through his Hongshu account.

"My Hongshu account has been unblocked. I am now the controlling shareholder of Hongshu, and the manager who ordered my account to be blocked has been fired. Weibo has not yet unblocked me, so I will make a statement here. I will raise the price of acquiring Weibo to 50 Eagle Coins per share. Interested shareholders should quickly request a shareholders' meeting to approve my acquisition offer, and then you can use the money to enjoy your life."

Currently, Weibo's share price is 10 Eagle Coins. Yang Chen acquired the stock at 50 Eagle Coins per share, which is a 4-fold premium. The acquisition market value has reached 121.5 billion Eagle Coins.

Even if Cao Wei lost everything he had, he could not afford this price, and he could not exercise his right of first refusal.

This is the flaw of the founder having too little equity. As long as other shareholders are willing to sell their equity, he can only watch himself lose control of the company.

The reason why Cao Wei's 36.3% stake can control the company is that the 27.9% stake held by Aligaba supports him. In this way, he has 64.2% of the voting rights at the shareholders' meeting, basically achieving absolute control.

Now that Ali Gaba had abandoned him and chosen to help Yang Chen, he could only swallow the bitter fruit of losing control of the company.

In fact, the reason why Mr. Ma wanted to acquire the shares of Weibo was also very cool.

At that time, Weibo had just become very popular. Every year, Weibo Night was held to give awards to celebrities, and celebrities also used the Weibo platform to maintain their popularity.

At a Weibo Night party one year, a group of celebrities surrounded Weibo boss Cao Wei and asked for a photo, but no one paid attention to Mr. Ma standing next to them.

At that time, some people with a curious mind used a camera to record Mr. Ma’s cold face, and Mr. Ma was also ridiculed by netizens.

Mr. Ma then invested heavily in Weibo and acquired 27.9% of the shares, becoming the second largest shareholder of Weibo.

With the popularity of the Double Eleven Shopping Festival, Mr. Ma became the focus surrounded by many celebrities as he wished.

Now that Mr. Ma is no longer at the age of being competitive, there is no point in keeping the 27.9% stake in Weibo. It would be better to sell it to Yang Chen and make a fortune at the same time. Why not?

Seeing that there was no hope of retaining control of the company, Cao Wei simply gave up and took the opportunity to buy out all the shares and enjoy life.

Weibo Group issued an announcement that after the shareholders' meeting and the board of directors' resolution, the company decided to accept Yang Chen's acquisition offer of 50 Eagle Coins per share. After the completion of the equity transaction, Weibo Group will be 100% controlled by Yang Chen. Since the number of shareholders does not meet the listing requirements, the company will be delisted from the Nasdaq trading market.

Yang Chen’s Weibo account was unblocked, and he immediately posted a new update.

"Hello everyone, my Weibo account has been unblocked, and the manager who blocked my account has also been fired. I said, even Jesus can't save them. After Weibo completes the delisting process, I will restructure Weibo and then re-list it on the A-share or Hong Kong stock markets."

Netizens who came to watch the fun left comments.

"The cool novel shines into reality, and at this moment the image of the overbearing president is embodied."

"100% control, it's great to have money, but if they want to buy your company, you can only watch as you lose control of the company."

"Hahaha... Twitter banned Master, so Master bought it out. Weibo banned Boss Yang, so Boss Yang bought Weibo out. This is how the big guys do things, simple and crude."

……

Bai Zhi, who was temporarily in charge of managing Yang Chen's assets, came over to report to Yang Chen: "Boss Yang, the money in your personal account is almost gone, and there is less than 3 million left. It will take a lot of money to acquire Douyin, what should we do?"

Yang Chen smiled and said, “It’s not a big problem. The dividends from shorting Shuyin, Fruit, Letian and other companies a while ago, those banks haven’t distributed them to me yet. Sanxing’s stock price has also fallen by 70%, and the subsequent decline is a bit small. I will ask them to close their positions later and divide the money first. When Sanxing’s stock price rises a little, we will short it again. I must make Li Jae-long obedient.”

(End of this chapter)